Matrix European Real Estate Share Discussion Threads

[tim00] 26/4/2010 09:05

It certainly creates uncertainty, for example the risk of contagion to other highly indebted countries (the so-called PIGS). Part of that however is a fall in the euro, which is to our advantage as it increases MERE's NAV by reducing the loss on the exchange rate hedging contracts.

[johnv] 26/4/2010 00:11

Does anyone know how the problems with Greece/euro etc is going to affect european assets prices. Just wondering whether this is holding back mere.

[karldinnel] 23/4/2010 14:24

Good point Tim. Just getting a bit bored of it all, I suppose...

[tim00] 23/4/2010 13:21

Karl, you shouldn't assume there is any problem whatsoever. Benko is bound by a confidentiality agreement, for whatever reason Matrix doesn't want the deal to be publicised yet. We just have to be patient. There will definitely be news before the IZD loan is tested again at end-June.

[karldinnel] 23/4/2010 12:09

OK. Wonder what the problem is that is holding this up, then? Have to admit that I thought we would have had confirmation of the deal from MERE weeks ago...

[sand dollar] 23/4/2010 11:33

karl
This doesn't really move us forward it is still talking about the "proposed"
takeover.

[karldinnel] 23/4/2010 10:53

Missed this the other day. My German isn't great but it seems to confirm that Benko is buying the IZD Tower. Just wish MERE would release a statement saying the cheque was in the post...

[karldinnel] 20/4/2010 19:44

Afraid? They're terrified...

[tim00] 20/4/2010 18:08

terrible spread, clearly the MMs are afraid of being caught out on either side if they set a tight spread.

[hombe] 19/4/2010 07:51

Nope - they've done everything in the last 12mths to demonstrate the opposite.

[tim00] 17/4/2010 08:46

yes, that's why the Directors end up in jail! Do you seriously think MERE is such a company?!

[tim00] 17/4/2010 07:32

I don't know the answer, but I suspect the company could not buy back its own shares when in possession of market sensitive information on the sale of IZD that would significantly affect the share price. I would be very surprised if there were any buy-backs yet.

[karldinnel] 16/4/2010 14:13

Good point Geng.

[geng] 16/4/2010 14:06

Karl - Scenario 3 !

The Company is buying back the shares to cancel them?

[karldinnel] 16/4/2010 12:31

Looks like it is on its way back up now... Confident this will be much higher in the not-too-distant future...

[sand dollar] 16/4/2010 09:02

su12
I assume you are saying you would be happy with £2.25, but not to a sale at this price, at £2.25 we would be mad to accept an offer, the medium to long term offers far more upside than this.

[sul2] 15/4/2010 14:08

I reckon NAV-35% would be a T/O price. I suspect NAV will be £3.25 for a T/O figure. Based on discounted future cash flow method, thats a T/O price of £2.25, I would be happy with that for the short-term.

[karldinnel] 15/4/2010 14:03

No!! Don't want a takeover. I'm in for the long term and this should be worth five quid in a few years' time when commercial property prices recover...

A takeover would be around £2/£2.20 tops...

[geng] 15/4/2010 13:54

Karl, agree about the staircase BUT I think it's different this time.

The previous steps have been the day before and on the day of news.

This time it's a more controlled rise has been 2 days much higher volume and still no news.

my take on this is ....


Either an Institution is buying in - would explain the relentless auto trades
Or there is a take over in the offing - would also perhaps explain the auto buys.

Either way I reckon £2 is on the cards over the next month

[karldinnel] 15/4/2010 13:43

Is it me or does MERE's share price graph since October look like the stairway to heaven?

[karldinnel] 15/4/2010 13:42

I wouldn't hold my breath for an RNS in the morning. MERE has a reputation for posting them after the market close...

[sul2] 15/4/2010 13:40

I just bought some at 145 before the tick down. Willing to hold in ISA for 1-2 yrs.....Seems as though news is imminent based on yesterdays volume. I'm guessing RNS tomorrow morning.